What is the total stockholders' equity based on the following data? Common Stock $360,000 Excess of Issue Price Over Par 735,000 Retained Earnings (Deficit) (56,000) a. $1, 095,000 b. $1, 039,000 c, $679,000 d. S1, 151,000 FIFO reports higher gross profit and net income than the LIFO method w a. prices are increasing b. prices are decreasing c. prices remain stable d. prices are reduced by 50% This journal entry will a. decrease Cash and decrease Common Stock b. increase Cash and decrease common Stock c. increase Cash and increase Common Stock d. increase Common Stock and decrease Cash Expenses are recorded when a. assets are used in the process of earning revenue b. cash is paid for services rendered c. a bill is received in advance of services rendered